Insurer
RSA UK posts £39m underwriting profit
COR also improved to 97.0% despite costs arising from the ‘Beast from the East’ but group results are “below ambitions”.
FCA confirms 1 November start date for affordability tests
Premium finance firms tell brokers they are ready for the changes.
Axa growth driven by commercial
Interim CEO says positive commercial performance was down to broker channel and reveals incoming CEO Claudio Gienal sees the value of UK broker market.
Axa UK & Ireland revenue grows to £2.5bn
COR improves to 97.2%.
GI operating profits fall at Aviva UK
Insurer’s UK COR for the first six months of 2018 slips to 94.3%.
Pukka’s commercial vehicle product added to SSP
Policy offers comprehensive cover up to £50,000 with flexible excess cover.
The Blog Spot: What might a Fosun move for Ageas mean for the UK?
Jonathan Swift ponders how a potential sale of Ageas could work as the rumour mill shouts ever louder about the insurer being on the market.
Lloyd’s downplays “strategic review” reports
The market is focusing on modernisation through electronic placement but denied a “deeper strategic review” despite £2bn 2017 losses and the exit of CEO Inga Beale.
CII opens this year’s New Generation project to applicants
Deadline for submissions to the 2018/19 Group is 10 August.
Co-op Insurance for sale – reports
The insurer is said to be on the market for £300m.
NIG's policy numbers fall in first half of 2018
Insurer's GWP also declines to £205.9m as Direct Line for Business continues to grow.
CEO Paul Geddes to leave Direct Line
His departure is planned for the summer of 2019.
No pressure to grow GWP, says Sabre’s Geoff Carter
CEO stresses focus on combined operating ratio.
Sabre profits rise at start of 2018
Half year GWP remains stable.
Markerstudy appoints Dan Fiehn as chief operating officer
Fiehn takes newly created role after joining the provider in 2011 as head of IT.
Hiscox predicting cyber and security policies expansion in 2018
SME remains a growth “engine” for the provider.
#insagepeople 30 July - 3 August 2018
Stay up to date with the latest people moves.
Andy Watson appointed as ABI General Insurance Council chair
The Ageas UK CEO replaces Amanda Blanc who has taken up the chair post at the ABI.
Hiscox posts rising premium and profit for start of 2018
Insurer planning for “muted” growth from brokers.
Majority of insurers silent on Biba's standardised Toba
No provider has yet committed to using it or given a timeframe for any potential implementation.
Podcast: The top five stories of the week
Emmanuel Kenning and Sian Barton explore the stories that hit the headlines this week.
AA’s research finds home premiums on the rise in Q2 2018
Company flags insurer fears over subsidence claims.
Insurance Rage: Twambley grills Williams over whiplash
The inaugural series concludes with A2J’s Andrew Twambley challenging Axa Insurance’s David Williams about his views on the Civil Liability Bill.
Car premiums fell in second quarter 2018, says AA
Average prices have dropped by more than 10% in a year.